British Airways PLC
05 October 2004
TRAFFIC AND CAPACITY STATISTICS - September 2004
Summary of the headline figures
In September 2004, passenger capacity, measured in Available Seat Kilometres,
was 0.6 per cent above September 2003 and traffic, measured in Revenue Passenger
Kilometres, was higher by 3.6 per cent. This resulted in a passenger load
factor up 2.2 points versus last year, to 77.9 per cent. The increase in
traffic comprised a 0.2 per cent decrease in premium traffic and a 4.2 per cent
increase in non-premium traffic. Cargo, measured in Cargo Tonne Kilometres,
rose by 13.6 per cent. Overall load factor rose by 3.8 points to 72.4 per cent.
For the July to September quarter, ASKs rose by 2.1 per cent, with RPKs rising
by 4.7 per cent. This resulted in an increase in passenger load factor of 2.0
points, to 78.4 per cent. This comprised a 4.6 per cent increase in premium
traffic and a 4.7 per cent increase in non-premium traffic. CTKs rose by 19.3
per cent.
Market conditions
Market conditions remain unchanged. Longhaul premium volumes are recovering,
while shorthaul premium travel remains at lower levels. Non-premium volumes are
very price-sensitive. Revenue is still expected to be some 2-3 per cent higher
in this financial year.
Costs
As a result of Yen depreciation against sterling, there will be a non-cash
accounting credit of £5 million in the second quarter financial results.
Strategic Developments
British Airways completed the sale of its 18.25 per cent shareholding in Qantas.
The gross sale proceeds were A$1.1 billion (approximately £430 million) which
the airline received on 14 September. The airline expects to use the proceeds
to repay part of its existing gross debt which at June 30, 2004 amounted to £5.6
billion.
British Airways announced a series of measures to improve operational
performance.
The winter schedule was announced and includes new services to Switzerland,
Greece, Croatia and Lithuania.
British Airways' has introduced a bistro style restaurant at New York's JFK
airport for business passengers to sample dishes created by UK based Michelin
starred chefs including Richard Corrigan of The Lindsay House in London, Vineet
Bhatia from Rasoi in London and Shaun Hill from The Merchant House in Ludlow.
British Airway celebrated 65 years of operations to Birmingham, 45 years to
Moscow and 20 years to Cape Town.
The airline swept the board at the Business Traveller magazine awards ceremony,
picking up seven awards including best airline, best first class, best business
class, best economy class, best longhaul airline, best shorthaul airline and
best frequent flyer programme. The oneworld alliance won the best airline
alliance.
Marketing magazine voted BA one of the UK's best loved brands.
British Airways announced it is to change the timetable of some of its monthly
traffic statistics updates to co-incide with its quarterly financial results.
ends
October 5, 2004
098/KG/04
BRITISH AIRWAYS MONTHLY TRAFFIC AND CAPACITY STATISTICS
Month of September Financial year to date
April through September
BRITISH AIRWAYS GROUP Change Change
SCHEDULED SERVICES 2004 2003 (%) 2004 2003 (%)
Passengers carried (000)
UK/Europe 2122 2123 -0.0 12834 12849 -0.1
Americas 599 588 +1.8 3849 3703 +4.0
Asia Pacific 146 137 +6.5 823 671 +22.8
Africa and Middle East 257 236 +8.7 1494 1329 +12.5
Total 3123 3085 +1.3 19001 18550 +2.4
Revenue passenger km (m)
UK/Europe 1925 1850 +4.1 11614 11119 +4.5
Americas 4005 3941 +1.6 25715 24750 +3.9
Asia Pacific 1502 1450 +3.6 8466 7172 +18.0
Africa and Middle East 1702 1578 +7.9 9900 8880 +11.5
Total 9134 8818 +3.6 55695 51921 +7.3
Available seat km (m)
UK/Europe 2610 2554 +2.2 15914 15553 +2.3
Americas 5072 5278 -3.9 31888 31834 +0.2
Asia Pacific 1923 1776 +8.2 11618 10303 +12.8
Africa and Middle East 2121 2047 +3.6 13192 12113 +8.9
Total 11726 11655 +0.6 72612 69804 +4.0
Passenger load factor (%)
UK/Europe 73.8 72.5 +1.3 pts 73.0 71.5 +1.5 pts
Americas 79.0 74.7 +4.3 pts 80.6 77.7 +2.9 pts
Asia Pacific 78.1 81.6 -3.5 pts 72.9 69.6 +3.3 pts
Africa and Middle East 80.2 77.1 +3.1 pts 75.0 73.3 +1.7 pts
Total 77.9 75.7 +2.2 pts 76.7 74.4 +2.3 pts
Revenue tonne km (RTK) (m)
Cargo tonne km (CTK) 412 363 +13.6 2416 2087 +15.8
Total RTK 1325 1246 +6.3 7973 7284 +9.5
Available tonne km (m) 1831 1817 +0.8 11339 10730 +5.7
Overall load factor (%) 72.4 68.6 +3.8 pts 70.3 67.9 +2.4 pts
Certain statements included in this statement may be forward-looking and may
involve risks and uncertainties that could cause actual results to differ
materially from those expressed or implied by the forward-looking statements.
Forward-looking statements include, without limitation, projections relating to
results of operations and financial conditions and the company's plans and
objectives for future operations, including, without limitation, discussions of
the company's business and financing plans, expected future revenues and
expenditures and divestments. All forward-looking statements in this report are
based upon information known to the company on the date of this report. The
company undertakes no obligation to publicly update or revise any
forward-looking statement, whether as a result of new information, future events
or otherwise.
It is not reasonably possible to itemise all of the many factors and specific
events that could cause the company's forward-looking statements to be incorrect
or that could otherwise have a material adverse effect on the future operations
or results of an airline operating in the global economy.
Investor Relations
Waterside (HCB3)
PO Box 365
Harmondsworth
UB7 OGB
Tel: +44 (0) 20 8738 6947
Fax: +44( 0) 20 8738 9602
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